Warren, Cummings and Waters to Banks and Regulators: Not So Fast!!!

CHECK OUT OUR EXTENDED DECEMBER SPECIAL!

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For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think).

Editor’s Analysis: As we move into the fifth inning of a nine inning game, it looks like we are going into overtime. Just as the GOP failed to read the census and lost the national elections, the Banks have failed to read the Congressional Census and are finding that the “deals” they made with regulators and law enforcement are not the end of the story. There are people in office now who do actually give a damn and who want to do something about Wall Street grifting.

Elizabeth Warren is leading the charge: They want full disclosure of the failed review process, and full disclosure of the deal that was reached. This could be a problem for banks who are holding worthless mortgage bonds and for entities claiming that they own loans that either never existed at all or were misstated in every meaningful way.

Warren and others want oversight of the deal this time and they are likely to get it, one way or another. It would be nice is the President took some time out of his schedule, albeit precious little free time exists, and decide for himself the direction that should be taken now that Geithner is leaving. Maybe he already has.

The questions that remain in the context of doing what is best for the country remain unresolved:

  1. Knowing that the title chain is corrupted in all 50 states and that the amount of chaos ranges all the way up to 80%, what are the remedial steps required to boost confidence in the title registries around the country? At present it is a leap of faith to even buy a plot of empty land.
  2. Knowing now that the investors put up the money and borrowers put down payments on homes and refinancing, how will the victims of Wall Street chicanery be compensated by a appointment of a receiver? Restitution is a fundamental bedrock for fraudulent deals. What economic, legal or financial reason would there be to allow the Wall Street banks that took and kept the loss mitigating payments from insurance, credit default swaps, and bailouts for the U.S. Treasury and Federal Reserve.
  3. Knowing that the quantitative easing and Federal bailouts, insurance and credit default swaps were supposed to mitigate damages and most importantly re-start lending and commerce, how do we move those trillions (estimates run as high as $17+ trillion) back to the economy which remains gasping for air.
  4. Knowing that the Wall Street frequently diverted documents and money from investors, this leaving borrowers with no authorized party with whom they could negotiate a modification based upon the true balance owed on the loans, how will the government announce its conclusions without starting a run on the big banks that may bleed over to the small banks.
  5. Knowing that some 14 banks have grown to a size with cross border relationships that there is no one regulatory agency to watch and correct them, how will the banks be brought down to a size that can be regulated? And in a related matter, how do we level the playing field such that the mega banks no longer control the size, growth, and business plans of smaller banks.
  6. AND knowing the criminal acts performed by or on behalf of the mega banks by specially created corporations, law offices and other vendors, how will the government bring these people to justice in a way that is meaningful — i.e., that will deter Wall Street titans from doing it again?
  7. How will the government take the reigns of regulation such that settlements for pennies on the dollar avoids civil and criminal prosecution by the government that is supposed to protect those who cannot adequately protect themselves, and avoids administrative complaints against the bank charter.
  8. How will the administration demonstrate to every American that the Government is running the show, not the Banks.
  9. Knowing that the vast majority of foreclosures were completed” by strangers to the transactions, what do we do the displaced homeowners and the homes that were put in distress as a result of a ball of lies?
  10. If the review process was revealing damages to homeowners (and indirectly to investors) that were vastly understated, as alleged by numerous whistle-blowers, then what will be installed as a watchdog over that process and what resources will be applied to get to the truth rather than a PR result?

Warren Demands Transparency On Failed Foreclosures
http://www.huffingtonpost.com/2013/01/31/elizabeth-warren-foreclosure-reviews_n_2592551.html

Elizabeth Warren Demands Mortgage Settlement Documents From Regulators
http://news.firedoglake.com/2013/01/31/elizabeth-warren-demands-mortgage-settlement-documents-from-regulators/

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65 Responses

  1. Ray Shelton, on December 19, 2013 at 12:20 am said:

    US Bank and SN Servicing has submitted Forged documents in our federal bankruptcy case too and we will never stop perusing them in court for damages. We are also asking our Federal judge to prosecute their current attorney out of Jacksonville Florida who continued to defend this case knowing that forged document are before a federal court. All the offending parties at SN Servicing and their attorneys are committing a serious crime against our country. We have filed a formal complaint with the FBI and the US attorney general and many great Judges all across this nation are finally stopping them from this kind of fraud on American families. US Bank and SN servicing and their attorneys are also violating a serious consent order that was to protect the people from these crimes but they could care less. Please feel free to have your clients join a class action suit so that we can end their behavior with a multi billion dollar punitive damage suit. Join us, call Ray Shelton in Florida at 352 274 8467

  2. FAKE IGNORANCE by the courts, the media and the politicians is being used as a weapon that is in reality TOTALITARIANISM ..

  3. Where were the cops when the crimes were happening? Asking for full disclosure after the cover up has happened is complete nonsense … Just like asking the criminals to clean up their crime scene and pay slap on the wrist fines.

    What do the judges do now that false affidavits can no longer be accepted in Cook County…? Ignore they aren’t there…! Just like the “missing legal assignments” I saw an attorneys motion to dismiss an affidavit that had no validity .. the attorney said he requested documents and received NO DOCUMENTS to back up its authenticity get denied by a judge after 10 minutes of arguing back & forth at the bench. I actually heard a bank attorney tell a judge that defendant’s motion is “all over the place” and defendant’s are making “crazy requests” for trust agreements & PSA agreements and he acted sarcastic about what he called all of this “crazy talk” …. the defendant said attorney had ample time to respond to defendant’s motion …..after 10 minutes of banter the judge denied defendant’s motion….the defendant told the judge you are violating my rights your honor and he looked angry and grumbled something undetectable. These are clearly non judicial fraudclosures masquerading as due process. These communist tyrant judges who are defecating on our Constitutional Rights and all of the laws of this land need to be arrested. They think people are stupid. They treat the American people who pay for everything like Second class citizens…and criminals. I heard a judge ask a homeowner victim in a very sarcastic tone….. Are you paying the mortgage or not….? The nerve….! Well obviously not your honor and, you sir are behaving most dishonorably….is what I would have said. Whoever thinks the bank attorneys are somehow helping anyone but the tyrants aren’t coming to court and seeing this debacle these judges & bank attorneys are trying to pass off as due process for the citizenry …..it’s robbery by the FOREIGN OWNED BANKS……THAT WE THE PEOPLE FUND IN THE FIRST PLACE……These bank attorneys are blatantly ignoring the rule of law time & time again and the judges are allowing it. This country is in serious trouble. These tyrants are trying to intimidate the citizenry by lying & are trying to force them into loan mods they know can never be repaid.

    I for one will never comply with criminal felons. If all due process is exhausted and it comes down to a showdown I will have the entire story filmed & narrated down to the shootout and will have the tyranny posted on you tube for the entire world to see what these disgraceful traitors have done to their own people in the only vestage of freedom that was left on the planet.

  4. Warren revealed she wants “new socialism” at the debates. She is a re-socialist, complete communist wolf in sheep’s clothes too….Her & the nunnery OF Bleeding heart liberals who are speaking on behalf of the FED INVESTORS, NOT WE THE PEOPLE….The laws were in place and no one applied or enforced them so don’t tell me Lizzie that there were NO LAWS ON THE BOOKS THAT PROTECTED CONSUMERS……THAT IS A BOLD FACED LIE…..Laws need to be applied & enforced and there are NO SOCIAL JUSTICE FIXES FOR GAZILLIONS IN CRIMINAL FRAUD BY THE PERPS OF THE FEDSTERS….NOT ONE…SOCIAL JUSTICE FIXES FOR FRAUD CREATE COMPLETE COMMUNISM AND LEAD THE PEOPLE TO HORRIFIC OUTCOMES…..MAKE THE CROOKS PAY BACK THE AMERICAN PEOPLE WHAT THEY HAVE STOLEN FROM US OR I CAN’T HEAR YOU….

  5. GEODE ARE PROMOTING THE SMARTGRID/SMART METER AGENDA 21 GLOBALIST SCAM TO SPY ON US AND CONTROL OUR UTILITIES……

  6. Who hijacked our utilities…..? GEODE…..THE FOREIGNERS OF COURSE……GEODE “REPRESENTS” 1200 COMPANIES IN 15 COUNTRIES AND ARE THE 5TH LARGEST INSTITUTIONAL INVESTOR IN AT&T…… http://www.geode-eu.org/

  7. Guest……I think you need to up your dose & take a trip to pearl vision……..I exposed this scam long ago..

  8. You finally get it! Yeah!!

  9. It’s not rocket science…..obviously BlackRock are robbing from the commoners pension funds to feed the richest crooks on the planet…..

  10. The largest shareholder/investor…..the largest controlling interest in BLACKROCK IS AT&T…..and the biggest SHAREHOLDER/INVESTOR IN AT&T IS VANGUARD….THEN STATESTREET THEN BLACKROCK……

    Who are the largest shareholders/investors in the big 4 largest institutional investors on the planet………..FIDELITY…VANGUARD….
    BLACKROCK….STATE STREET ….?

    ANSWER…THE 8 LARGESSE ILUMINATI BANKING FAMILIES……

    & OBAMAS PENSION FUND IS INVESTED IN VANGUARD……

  11. The #1 shareholder in AT&T…….VANGUARD…#2……STATESTREET…..#3….BLACKROCK….#4…..BANK OF NEW YORK MELLON….#5…GEODE….THE REST HERE…
    http://wallstreetcheatsheet.com/trading/are-atts-institutional-investors-riding-the-momentum-higher-on-improved-service.html/

  12. Are we talking about stockholders? shareholders? Investers? Do you even know the difference?

  13. The biggest shareholder in BlackRock…..AT&T….207.0 million shares…..

  14. Here are WHO the largest “investors” in BlackRock are….These large institutional investors have controlling interest in BlackRock…..
    http://littlesis.org/org/75964/BlackRock_Institutional_Trust_Company,_N.A.

  15. WHO did Blackrock loot the commoners pension funds for…..? CNBC says “Fugghetabout following the money…..follow the investments. ”

    THE REAL QUESTION IS…..Who are the BIGGEST SHAREHOLDERS INVESTORS IN BLACKROCK’s REIT ETF FUNDS….?

  16. NEW YORK (Reuters) – Two U.S. pension funds have alleged in a lawsuit that Blackrock, the world’s biggest asset manager, has looted securities lending returns from iShares exchange-traded funds investors, and breached its fiduciary duties.

    In the suit, the pension funds allege that several iShares ETFs spent funds on “grossly excessive compensation” to agents affiliated with the ETFs, as well as on other agents, and they want to recovery the funds for investors.

    Blackrock’s iShares ETFs have “systematically violated their fiduciary duties, setting up an excessive fee structure designed to loot securities lending returns properly due to iShares investors,” they say in the suit, filed on January 18 in the Middle District Court of Tennessee.

    The Laborers’ Local 265 Pension Fund of Cincinnati and the Plumbers and Pipefitters Local No. 572 Pension Fund of Nashville further allege that Blackrock officials and the iShares ETFs ran a scheme to take at least 40 percent of securities lending revenues – which they called “entirely disproportionate” – for themselves at the expense of investors.

    Blackrock President Robert Kapito and iShares Chairman Michael Latham are named as defendants in the suit.

    Representatives of Blackrock, the largest manager of ETFs, did not immediately respond to a request to comment on the suit.

    The recently-acquired iShares unit has been a stellar performer for the New York-based asset manager, bringing in $36 billion of new business for Blackrock in the fourth quarter.

    (Reporting by Jonathan Spicer; Editing by Marguerita Choy)

  17. The entire foreign operated BANK Corp is insolvent on it’s balance sheet. They are simply extorting money from U.S. TAXPAYER’S to rob us into oblivion. They are REPURCHASING their own criminal fraud with STOLEN U.S. TAXPAYER MONEY ……. then when they are through bankrupting US they will tell US they own US……BIG LIE……

  18. MERS is nothing but a CD…good ole’ boys club, members only. They have been circumventing the law and stealing revenue from the states and cities in the BILLIONS. For me, that is a very good reason for them to be shut down and made to pay all of the money that was not paid for by ANY transfers of deeds.

  19. Poppy, you had everything figured out except the settlement agreements. When the fog clears and the details of the OCC & LPS settlements are released you will see that the damaged box cars have been cleared. They can no longer pass the Hot Potato via MERS anymore. The USS MERS has sank. You know its desperation when MERS is offering loan mods. LMAO!

  20. Just when you think you are getting to the bottom of the bottomless pit of b.s. you get re-directed to people who are far deeper down the rabbit hole than you have ever been. Fighting fraudclosure pro se does slow down the discovery process. People all over the web are discussing Aztec ley lines and their connection to evil ritual human sacrifice and current events like Sandy Hook. Millions of Americans are being mind controlled and manipulated by really evil psychopaths and don’t have a clue by who or why. What these enlightened people are discussing makes what I am talking about appear that I am merely scratching the surface. This belief system of evil runs deep. The dichotomy is a distraction from its true purpose which is to use and abuse us, psychologically, spiritually, physically and emotionally. It is certainly one evil masquerading as anything you can think of from the clerk at the check out counter at the Corp store or the doctor or school teacher who wants you to believe that they have the answers or Obama does. The answers really come from within….reject evil, it’s really that simple. The mainstream media lies and distracts from our real problem….How to come together as one nation under one God, the Creator, to restore our Constitutional Republic and not live under these false Gods that they made for US to worship……like credit….& investing as a form of control for the rich….We need our stolen wealth returned and our own currency issued to restore our dignity, respect, freedom, liberty and independence from these tyrants.

  21. We should make shooting a national pastime like in Switzerland ….
    read about it here under the title GUNS, CRIME AND THE SWISS…. http://www.fourwinds10.net/

  22. Bernanke….Geithner & the even worse new guy heir Hagel have hijacked the candy store…..our wealth for their cronies……and all CONgress does is absolutely nothing. As Bernanke quite frankly told them…..you created the FED so you can draw up a mandate to end the FED if you don’t like FED POLICY……. CONgress must like it is the only logical conclusion that can be drawn.. and are directing this evil plan against US….

  23. That’s why the empty henhouse, the FED….hijacked the U.S. TREASURY & THE U.S. TAXPAYERS MONEY….As Max Keiser said…. the only thing you are going to find inside the FEDERAL RESERVE BANK are cobwebs, mountains of cocaine and Pablo Escobar…..these pirates moved their party right to the U.S. TREASURY DEPARTMENT under the radical-in-chief…

  24. So there you have it folks … we have radicals running the country, controlling law enforcement, the judiciary and our financial system. Almost every dime we spend is going into the pockets of radical Supremists. If you saw the documentary Obama 2012 you know by the end of Obamas second term he plans to tax 100% of our income. With no real economic recovery in sight because our wealth has been seized by the FED…you will never break free or be able to “work” your way out of totalitarianism’s grip. The only thing to do is stop feeding the beast your money and sue the bankster beast….They have an innumerable amount of our wealth hidden overseas and they are not broke except for on their balance sheets. All of their debt is fictional and based on a theory that the people and their property are collateral for their debt. That is simply not the case. CNBC reported the FEDSTER maniacs have stolen $6o.4 trillion dollars from the U.S.economy since Obama took office. The U.S. TAXPAYERS….THE ONLY STAKEHOLDERS IN ALL OF THIS PUT UP $12 TRILLION DOLLARS AS COLLATERAL UPFRONT AND PAID THE FEDSTERS FOR EVERYTHING. TBTF IS SIMPLY ROBBERY AND THE FEDSTERS FULLY INTEND TO BANKRUPT US FOR ALL OF THEIR FICTITIOUS DEBT THAT THEY NEVER TELL HOW MUCH IT IS……SOME FINANCIAL EXPERTS ESTIMATE THE DERIVATIVES FRAUD OF WALL STREET IS A QUADRILLION DOLLARS…..
    http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/

  25. The banks (the enities claiming they own the loans) are really holding worthless mortgage bonds …. hahaha …. the wolf was guarding an empty hen house.

  26. Was Saul Alinsky really a secret Soviet spy….? You be the judge……
    http://www.breitbart.com/Big-Government/2012/03/04/obama-alinsky-love-song

  27. iwantmynpv…..way to go…!

  28. Stripes, I am fighter and it will be a cold day in hell before I am rounded up. I’ve been around the block, and when the day comes I will be the guy in the stadium beating on the other side with the seat I ripped out to use as a weapon.

  29. It is a competely radical totalitarian supremist strategy..don’t believe them.

  30. …..AND MAKE THEM BELIEVE IT……BY TRYING TO PROVE YOU HAVE CREDIBILITY …… WHEN IN FACT LIARS HAVE NO CREDIBILTY…

  31. Not my npv is demonstrating a defeatist supremecist ideology…..it is called….TELL THEM THEY CAN’T WIN….

  32. What is happening in America is the direct result of Democracy and its bad moral values. It is unethical and unconstitutional & illegal at its core because of the Electoral College it appoints its own immoral dictators. It defies the fundamental beliefs of our Constitutional Republic and subverts it slowly & severely by changing our fundamental moral beliefs….This process is a slow deteriotation but progressively takes hold of and destroys our entire moral belief system by making us believe we are the ones who have no morals…..when it is totalitarian subversion all along….these supremists are who have no morals. They want you to believe you are nuts…a right wing/left wing conspiracy theorist religious conservative nut…..and the rule of law never existed…..it is all lies. Take for example of the progressing moral decay…..Nixon resigned before he was impeached because he was humilited & disgraced at the thought of impeachment …..Clinton was impeached and obviously not disgraced by his sexual indiscretions because he never resigned and in fact used what he & Hillary called a political conspiracy against them to carry out their totalitarian communist agenda. Both parties use radical supremist views not based in law or fact to move forward their immoral & illegal totalitarian agendas. Like Obama allowing the banksters to terrorize US and DODD FRANK RULES FOR RADICALS LIKE TBTF….the politician are using clever disguises .. social justice excuses like “moral hazard” to rob America when these banksters are absolute immoral crooks…..of no redeeming or fundamental value….these politicians, judges, bank attorneys or law enforcement “officials” share a common theme…..JUDICIAL SUPREMECY….They are fundamentally flawed by believing lies about others, they confuse indoctrinated hatred with morality .. they have no morals because their beliefs are in reality…based on no law or fact….their beliefs are fundamentally immoral, supremist…and extremist…..and severely flawed.

  33. Iwantmynpv- great analogy

  34. OBAMACARE is in reality robbery of our legal rights and our moral values……..just like FRAUDCLOSURE…under the guise of “fixing” the holy tare of CRONY CAPITALIST TOTALITARIANISM it is creating CRONY CAPITALIST TOTALITARIANISM…..REJECT IT AMERICA..!

  35. Obamacare, the horrible economic conditions, FRAUDCLOSURE, the NDAA, the FED/WALL STREET robbery of all of us, a quadrillion dollars in derivatives fraud committed in our names without our knowledge or consent, GLOBALIZATION….THE RULE OF JUDICIAL, NOTICE…DODD-FRANK, SIMPSON BOWLES, FED “MONETARY” POLICY, HYPERTAXATION, HIGH INFLATION….DEBAUCHING THE CURRENCY….AFFORDABLE HEALTH CARE.THE MAKING HOME AFORDABLE ACT..TBTF are not normal….RE SOCIALISM OF UNSUSTAINABLE DEBT BY LYING TO US ABOUT THE INSOLVENCY OF THE FEDS BALANCE SHEET……they are ALL, IN REALITY….. RADICAL TOTALITARIAN SUPREMIST VIEWS…..IT IS DECEPTIVE TOTALITARIAN INDOCTRINATION..
    ….These are radical subversive communist ideologies ….SOCIAL JUSTICE THEORIES that are not Constitutional or legal…IT IS ALYNSKIISM….MODERN DAY TOTALITARIANISM ON U.S SOIL…
    .IT IS EYEING UP & EVALUATING IT’S VICTIMS AND IS OUT TO DESTROY OUR CONSTITUTIONAL REPUBLIC……IT WANTS TO STEAL ALL OF YOUR LIBERTY & FREEDOM UNDER THE GUISE OF “SOCIAL JUSTICE.”……IT IS IN FACT CRIMINAL….

  36. Please excuse my spelling errors today…I have a sticky keys issue ..The Jonestown Massacre or the Manson family as well as any form of radical fundamentalism are good examples of how by making people believe you..and your radical views….radicalism can be used as a spell to brainwash and can be used to seduce and indoctrinate disgruntled people into totalitarianism …..

  37. ALLOW ME TO MAKE CLER…….THIS RADICAL MOVEMENT…..ALYNSKIISM…HAS HIJACKED ALL RELIGIONS….IT IS CALLED THE NEW AGE MOVEMENT BUT WEARS MANY DISGUISES…& IT HAS INFILTRATED EVERYTHING…..IT IS ALSO CALLED GLOBALIZATION…IT IS IN REALITY TOTALITARIANISM DISGUISED AS HOPE & CHANGE.

  38. This radical ideology ALYNSKIISM….HAS HIJACKED ALL REIGIONS AND HAS EVEN BECOME ITS OWN BRAND OF RELIGION…..THIS RADICAL BELIEF SYSTEM…..THE NEW AGE MOVEMENT….. HAS INFILTRATED EVERYTHING.

  39. THESE SAUL ALINSKY RADICALS USE OUR RELIGIOUS BELIEFS AS A WEAPON TO CALL US CRAZY OR RADICAL IN ORDER TO NORMALIZE THEIR RADICAL BELIEFS THEY CALL RELIGIOUS BELIEFS….TAKE REVEREND WRIGHTS “CHURCH” AS AN EXAMPLE……REV WRIGHT TEACHES RADICAL BELIEFS….BLACK LIBERATION THEOLOGY UNDER THE GUISE OF RELIGION…..THAT IS COMMUNIST SUBVERSION OF RELIGION…..

    THE HIERARCHY COMMUNIST RADICALS OF THE CATHOLIC CHURCH HAVE SUBVERTED & CONVERTED THE CATHOLIC ENCYCLICAL INTO A NEW RELIGION WITHOUT OUR KNOWLEDGE OR CONSENT…..IT IS THE TALMUD……THE RADICAL IDEOLOGIES OF SUPREMICISTS WHO WORSHIP EVIL AND WORSHIP THE FALSE IDOLS OF MONEY & TOTALITARIANISM…

    THE COMMUNIST RADICALS WITHIN THE U.S. JUDICIARY HAVE SUBVERTED & CONVERTED RULE OF LAW INTO WHATEVER THEY PERCEIVE IT TO BE….WHETHER IT BE RELIGIOUS FUNDAMENTLISM, PENSION FUNDS….ENTITLEMENTS….THESE ARE RADICAL FORMS OF SUPREMECY… IT IS IN REALITY A VERY DECEPTIVE RADICAL COMMUNIST SUBVERSION TACTIC OF REFORMING GOVERNMENT AT IT’S CORE.

    THAT RADICAL FORM OF SUPREMECY IS TOTALITARIANISM ….THESE ARE THEIR IDEAS CALLED HOPE & CHANGE THEY WISH TO USE TO STEAL THE HEARTS & MINDS OF THE AMERICAN PEOPLE….. IF IT IS NOT STOPPED AT EVERY LEVEL OF GOVERNMENT IT WILL BE ALLOWED TO CREATE TOTALITARIANISM….

  40. These SAUL ALINSKY RADICALS use our religgious beliefs, social justice fixes, radical legal theories, what we don’t have…MONEY….& what we don’t know or what they perceive we don’t know…….LACK OF KNOWLEDGE AGAINST US ALONG WITH OTHER SUBVERSIONS SUCH AS UNWARRANTED AND UNSUSTANTIATED CHARACTER ASSASSINATIONS TO USE, ABUSE & DESTROY US TO ACHEIVE THEIR ULTIMATE GOAL….TOTALITARIANISM …..

  41. February 1, 2013
    Paperwork Mess
    by Dan McGookey, Esq.

    I can’t help but think of the old adage; “No job is complete until the paperwork is done” when it comes to where the courts are trending in examining a foreclosing bank’s paperwork before allowing foreclosure. Not so long ago, the banks’ argument, which could be summed up : “Take my word for it judge, I am the proper party to foreclose”, carried the day, and the foreclosure gavel slammed down.

    Not so true any more! Courts in Ohio and elsewhere are taking a much closer look at the promissory note, mortgage, negotiation and assignment documents offered by the banks before giving them their wish. In other words, homeowners are finally being given the same due process rights afforded the banks.

    As an example, we have had two cases in the past few months where the court of appeals reversed the trial court’s grant of summary judgment ordering foreclosure, thereby denying our clients their right to trial. In both cases, the court went into detail explaining legal principles such as “personal knowledge”, the hearsay rule and the “business records exemption” to that rule. Although these principles have been on the books for years, they have been rarely applied to foreclosing banks. I suspect that the reason for this is that judges, like everyone else, simply assume that the banks have all the paperwork in order.

    If that theory is correct, I further suspect that the public revelation of widespread use by the banks of robo signers went a long way in serving as a wake-up call to the courts to call a time-out in the foreclosure process and review the bank’s proffered documents, particularly the promissory note, mortgage and assignments. It is particularly interesting to note that, in our experience that evidence is always attested to as accurate by the loan servicer, rather than the holder or owner of the loan. This is critical since the servicer’s knowledge is almost always derivative, that is, based on information given to it by the loan holder or owner. That is to say, the testimony offered in support of the authenticity and accuracy of the banks’ paperwork is oftentimes inadmissible hearsay.

    The banks themselves were the authors of their paperwork problem when, out of sheer greed, they rushed to securitize loans by the millions in the first eight years of this century. The fact that the courts are now finally waking up to the mammoth problem and holding the banks accountable for the problem they created is indeed sweet justice. The trend is evidence that there is light at the end of the tunnel for besieged homeowners everywhere struggling with the banks to be treated fairly. Keep it going courts!

  42. STUDY SAUL ALINSKYS BOOK RULES FOR RADICALS….THE LOCAL MEDIA REPORTED THAT BOOK IS OBAMAS BIBLE…..IT IS THE MODERN DAY KKK……COMMIE SUBVERSION…..THIS IS HOW THIS GOVERNMENT OPERATES…

  43. It depends on what you perceive as ownership notmynpv….Certainly not stocks and bonds overlevereraged to the tune of a QUADRILLION dollars backed by ZERO COLLATERAL…..The FED & WALL STREET destroyed the value of the $12 trillion in property WE THE PEOPLE PAID FOR……..Why don’t you use what you know to spread the truth rather than spread doom, gloom and fear…..? They are going to run around hitting people who resist totalitarianism in the head with a baseball bat….? Guess what..? They already did that. You would rather accept totalitarianism than fight it….? Live free or die is the battle cry of US PATRIOTS. What good is living under totalitarian tyranny and oppression…..? No good. You will end up in their concentration camp sooner or later because eventually under totalitarianism life always becomes intolerable to live under. That goes for the judges, the cops, the lawyers, the politicians, the teachers, the doctors and everyone willing to accept totalitarianism as an acceptable alternative to a quadrillion dollars in criminal fraud. The government is way out of control and no one who knows this should comply, conform or cooperate with it.

  44. Lies…..Did you sign or agree to that? Of course not, no one did. The FEDSTERS used US to enrich THEMSELVES and their criminal friends without our knowledge or consent. They don’t own you or anything. They are full of it. They are IMPOSTERS, posers, intimidators, users and abusers. Don’t believe them.

  45. NEIL, I used to use that fifth inning term in 2011, even spoke about extra innings. We are not in the fifth inning. We are in the 7th inning, and we will definitely be going into extra innings.

    Problem is… during the 9th inning they are going to call a rain delay,roll out the tarps and clean this mess while nobody is playing ball except for them up in the box.

    You worked on the street – so you know how leveraged these pools are. I already see most of the early stuff spun out in other tranches, sold out the back-door by the master servicer / special servicer to NA controlled LLC’s, or my new favorite the Grantor Trust.

    Watch what happens after the rain stops. They are simply going to take the baseball bats and run into the stands and clobber us with new federal statutes. They will call the game due to all of our blood being spilled onto the field and march the police into the stadium to clean up the bodies and debris left behind by those who chose to fight.

    In 2006,when the spreads widened and the FED policy of prior years drained the in-flow of foreign capital and easy money I called the end. In 2007 I noticed the consolidation began, lower tier banks (alleged) with limited actual deposits fell to resere requirements. The tier one episode followed, causing the larger investment banks to sell for pennies, or the officers risk imprisonment. 2008 was the first year of forced consolidation, ending the prior ten years of bullshit themes about bank competition.

    2009 secured the accounting requirements required to fold up the smaller banks into the larger banks, with all he fake credit kept in the system ia FDIC, FRC and the FHLB. The losses, which are still bein socialized to the citizens of this country ramped up via the other “slush fund” GSE’s / quasi governmental bullshit.

    These pools are being wound down along with the trail via multiple “rain tarp” loan servicers now being merged back into the NA’s. Unfortunately, we post gibberish about what happened yesterday on the playing field whilst the team owners are already focused on extending the game an tearing down the stadium while we are still waiting for the players to come back on the field, after the rain has slowed.

    These guys planned this back in 1997, and while we are talking about current events they contineu to unwind the fraud.

    In fact, it turns out both teams (dems and repubs) were in on the fraud from the beginning and now the umpires (judges) are threatened with job loss if they make the right call. We the people will sit in the stadium of life waiting for Announcer to tell us what to do next.

    The same group of guys own all the teams that play, and if we continue to show up for their fun-filled adventures they will simply collpase the stadium aroung us under the pretext that the game is ready to start again in several minutes.

  46. http://www.viewzone.com/collateralx.html

    WAKE UP!!!! PLEASE PASS THIS ON. MAKE IT GO VIRAL. EVERYONE NEEDS TO KNOW THE TRUTH.

  47. Anyone can issue a piece of paper and call it a stock and sell investments in some fictitious shit that doesn’t exist…..ask Bernie Madoff. The FED & WALL STREET are clever counterfeiters of WE THE PEOPLE….that’s all they do…use and abuse US.

  48. Our properties were used to leverage their stock….? Well they never owned that lever or that stock….the stakeholders did. WE THE PEOPLE were every entity even the credit issuer…..without US the FED could have never issued the crap they call “credit”….The U.S. is not their stock and they don’t own it because they never paid for it. Because of the Origination Fraud the FED & WALL STREET were not entitled to do anything with that credit no matter how they spin it. The repeal of Glass Steagall was a cover up for the Origination Fraud and the fact that the FED and WALL STREET don’t pay for anything. They enrich themselves and their perps off of the backs of all of us.

  49. Pension funds don’t explain this. This is totalitarianism…the pension funds are a coverup for totalitarianism …….. These are non judicial (totalitàrian) fraudclosures disguised as due process. The only thing being threatened to come down here is totalitarianism ….that is what they are hiding…..the judges are being paid well to steal our rights, our property and trample us underfoot but the judges are TOTALITARIAN DICTATORS make no mistake….that is what they are trying to hide & that needs to be blown wide open.

  50. h-man, you kill me!

  51. louise, it’s not the free house. we know the house was paid for over and over again. The banks used the house to leverage their stock. The judges cannot rule for borrowers without ruling against their own retirement plans. if the tide turns to the point that foreclosure suits end with a quiet title in favor of the homeowner, the whole scam comes crashing down. Too bad so many have to suffer to expose the truth. They can’t hide from the law forever.

  52. GUEST ..Are you talking about fraudclosure is the derailed box car….? I heard those are down due to a 5% rate of people handing them their asses…Make no mistake these tyrants are coming for everything ….. An attorney told me they want to take everything away from the people because they want Complete Communism…TOTALITARIANISM…..

    TIME FOR THE PEOPLE TO BECOME PRO-ACTIVE INSTEAD OF RE-ACTIVE…

    STOP WAITING FOR OTHER PEOPLE TO CORRECT YOUR PROBLEMS AMERICA….& PAYING THESE TYRANTS WHO ROBBED US OR PAYING FOR THEIR CRIMINAL FRAUD THROUGH A BANKRUPTCY WILL NEVER CURE THE FEDS DEFAULT IN YOUR NAME OR THE QUADRILLION IN CREDIT & INVESTMENT FRAUD DEBT WALL STREET CREATED IN YOUR NAME…THEY ARE GIVING YOU A FALSE SECURITY…THEY ARE COMING FOR EVERYTHING….MAKE NO MISTAKE…THAT IS WHY THE ILLUSIONARY MEDIA & STOCK MARKET IS LYING TO US……THESE ARE ALL FALSE SECURITIES BEING CONTROLLED FROM BEHIND THE SCENES BY TOTALITARIAN DICTATORS….OBAMA & HIS COHORTS ARE REPRESENTATIVE OF WHO THESE CROOKS REALLY ARE….WAKE UP….STOP AIDING & ABETTING THEM….

  53. In addition – if the trustee wants the court to recognize them as the plaintiff with proper standing per the PSA or Trust Agreement – the court has to look to the PSA or Trust Agreement as the controlling document for the case. Right now, the trustee wants the court to only recognize those “rights and responsibilities” advantageous for foreclosure purposes but wants the court to ignore the violations of the trustee and other parties to the PSA or Trust Agreement. And THAT should be brought up in the courtroom. PS – I am not an attorney – this is just my personal opinion based on my experience so far.

  54. Louise – The issue of a “free house”. Homeowner needs to remind the judge of all the payments (interest and principal,the down-payment, if any and improvements/refurbishments to the home) made before default. If the loan is in a trust – show the Prospectus Section entitled “Use of Proceeds” which states/proves the investor funds purchased the mortgage loans (it’s right there in black and white).and the funds were also used to reimburse the “banksters” for any loans they personally financed. Banksters don’t have any skin ($) in the game and they are the ones looking for the “free house” – not the homeowner.

  55. I would lean more towards the bank itself. They are no doubt the first suspect, trying to control us from controlling them. They control their fraud game while they rob us into existance is the name of their game now. Fictitious entities are always attacking them, robbing us and screwing everybody. Nah…..it’s all them. Everything they tell us is a psy op….the opposite of what it appears. Like the banks lend us money…..ha..ha..too funny…the jokes on US…..

  56. I sure hope they removed the rest of the derailed box cars from engine ABCD train before the new engine ACBD leaves the station. The last thing we need is another mess to clean up. Its hard to tell if they did or not …. the fog is thick, nothing is transparent.

  57. When they are not upholding the RULE OF LAW…THE U.S. CONSTITUTION…THE PEOPLE MUST REVOLT…ALL BETS ARE OFF.

  58. We will see how good it feels to work for these commie control freaks and scumbag weirdos when their scumbag deceiving, lying asses who are aiding and abetting the destruction of our freedom & liberty get their criminal asses pumped full of patriotic lead…

  59. I believe Obama & his minions want an anarchal revolt……they are black liberation theologists, islamic funamendalists, Nazis, and Zionists who are COMPLETE COMMUNISTS……THEY BELEIVE they are ENTITLED TO EVERYTHING…..they are part of a supremecist Reich of supremecists who have a BIG BULLSHIT IDEA that they have a legal right to rule supreme…They want ORDER OUT OF CONTROLLED CHAOS….ANARCHY. That is how they permanently install their dictatorship….Obama and the democrats are sick indoctrinated Saul Alinsky control freak commies drunk with power. They park their fat asses on both sides of the aisle and wear clever disguises. Know them by the lies they tell….THEY ARE COMMUNIST OPPRESSORS…TOTALITARIAN COTROL FREAK MEMBERS OF THE COMMIE BANK OWNER DEBT CARTEL.

  60. They like their rules better .. “” If you dont ask.. we dont tell. And if you ask .. its a trade secret””. :)

  61. [...] Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: agency settlements with banks, Bank of America, Business News, Elizabeth Warren, Failed Foreclosure Reviews, foreclosure crisis, FORECLOSURE REVIEW, foreclosure reviews, FORECLOSURE SETTLEMENT, independent foreclosure review, Office of the Comptroller of the Currency, transparency Livinglies’s Weblog [...]

  62. Neil asks some great questions above. The only problem is….not a soul in Washington is asking these questions, save for Warren and Cummings, and even then I’ve never heard them or anyone else on the Hill talk about the banks stealing insurance swaps, not delivering the notes, no right to foreclose, etc. It isn’t even whispered in close company, for fear of disturbing the delicate nature of the TBTF/TBTJ banking system.

    Neil says:

    “It would be nice if the President took some time out of his schedule, albeit precious little free time exists, and decide for himself the direction that should be taken now that Geithner is leaving. Maybe he already has.”

    Yes, he already has, and the direction hasn’t moved the compass needle one degree. Geithner’s replacement might as well be a clone. Jacob Lew is Citigroup Derivatives Jerk, betting against the rest of us not equally connected, and winning big when we all lost. His nomination is an affront to all of us regular folk who have lost tens of trillions of dollars and tens of millions of jobs due to his habitual greed and excesses, and those he runs with. From 7/2010:

    President Obama’s choice to be the government’s chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year — after the Wall Street firm for which he worked received a massive taxpayer bailout.

    The money was paid to Jacob Lew in January 2009, about two weeks before he joined the State Department as deputy secretary of state, according to a newly filed ethics form. The payout came on top of the already hefty $1.1 million Citigroup compensation package for 2008 that he reported last year.

    Read more: http://www.businessinsider.com/jack-lew-omb-bonus-2010-7#ixzz2JfBKura2

    Obama might as well just read off of his teleprompter that since nothing but distasteful stuff happened during the financial crisis, we all deserve another swift kick in the ass, seeing as how we all lived beyond our means, not to mention that we aren’t a part of the club. I don’t see how he could keep a straight face when making the announcement ordaining Lew. It’s beyond an affront. In my opinion, it’s borderline treasonous.

  63. Now, we have to make sure that the attorneys and judges involved with this mortgage mess are actually practicing law and due process and not in the pockets of the mega banks. A major problem here is the issue of a “free house” which diverts attention away from crimes and misdemeanors by so-call legal participants who have lied, forged, misrepresented in numerous ways and prevented the due process rights of millions of people who cannot defend themselves.

  64. Keep on fighting.

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